Ares Capital (ARCC) is downgraded to Hold at JPMorgan. No details are yet available, but it's...

|About: Ares Capital (ARCC)|By:, SA News Editor

Ares Capital (ARCC) is downgraded to Hold at JPMorgan. No details are yet available, but it's likely a valuation call. A nice run has the shares trading 13.8% higher than the NAV (as of Sept. 30) of $15.74. There may be better values in the BDC sector.